T he European Bank for Reconstruction and Development has approved a €50 million investment for Mezzanine Management Central Europe Limited’s new eastern European fund, Accession Mezzanine Capital III. The two have a well-established relationship having worked together on the earlier AMC I & II funds. The EBRD’s commitment to the corporate sector in the CEE region has been demonstrated over the years through total investments in excess of €2.5 billion.
Accession Mezzanine Capital III
AMC III has been established by MMCE on the heels of the firm’s first two funds, which have proven successful with more than €320 million invested in 27 transactions. The fund’s first closing saw commitments of €130 on the way to a target size of €300 million.
Mezzanine capital for private acquisitions will be the fund’s focus, with special attention given to opportunities in manufacturing and service companies with good cash flow and growth potential. Russia, Turkey, and Ukraine will be targeted with a designated amount of the funds set aside for investments in those three countries.
